Bitcoin: A Wild Roller Coaster Ride Today

Bitcoin was down more than 8% earlier today, but it had recouped much of its loss.

Currently, it’s down about 4%.  This is certainly not for the faint of heart. 

Today’s sudden plunge was probably due to traders’ profit taking because the cryptocurrency had orchestrated the rally from $3,600 to near the $6,000 level since September 22. 

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